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Betting Masterclass

Are you a newcomer to betting? Are you looking to enhance your betting knowledge? Or are you looking to make a consistent profit from your gambling? We provide the answers you require in our comprehensive betting masterclass.

Horse Racing Bet Types

You can place a variety of bets on horse racing. Here is a guide to the different options.

SINGLE: The most common bet. The single bet involves betting on your selection to win, place, or both (each-way). If betting each-way (see our guide for what an each-way bet is), the stake is doubled as you are betting on your selection to win, and also to place.

QUINELLA: A Quinella bet is available on every thoroughbred, harness and greyhound race provided there are at least three or more runners. To win a Quinella, you must successfully predict the 1st and 2nd placegetters in any order.

TRIFECTA: A Trifecta bet is available on every thoroughbred, harness and greyhound race provided there are at least four or more runners. To win a Trifecta, you must successfully predict the 1st, 2nd and 3rd placegetters in a given race.

FIRST4: A First4 bet is available on most thoroughbred, harness and greyhound race provided there are at least four or more runners. To win a First4, you must successfully predict the 1st, 2nd, 3rd and 4th placegetters in a given race.

MYSTERY BET: A Mystery Bet takes the guess work out of picking a Trifecta and is generated by the betting agency’s computer. The computer system will randomly select three runners and if they fill the placings you win the Trifecta.

QUADDIE: A Quaddie bet, or Quadrella bet as it is fully known, is available on most thoroughbred, harness and greyhound race meetings. A quaddie is betting on the winners of four nominated races, which are typically the last four races of any meeting, and is a very popular bet.

MULTIBET: Multibets offer a great way to secure big winning returns on your bets as you combine various bets into one, and are proving to be an extremely popular way to bet. A multibet combines any number of bets from two to 25 into one single bet and dramatically increases the odds.

PATENT BET: A Patent bet is similar to a three-leg multibet but is made up of seven separate bets: three singles, three doubles and a trio. Where a multibet requires all selections to win for a return, a patent bet will yield a return from just one winner.

ALL-IN BETTING: All-In betting involves a bookmaker offering fixed odds on selected feature races prior to the declaration of the final field. All-In betting on the Melbourne Cup, for example, is available for the better part of 12 months leading into the event. The risk with All-In Betting is that you will not receive your stake back if your horse is scratched.

SPorts betting bet types

You can place a huge array of different bets on sports and we look at some of the most popular ones.

HEAD-TO-HEAD: Head to Head betting is the easiest way to have a punt on most sports matches. Simply select who you think will win the game and if they emerge victorious so do you.

WIN-DRAW-WIN: Exactly the same as Head to Head betting, but this option will be used where there is also the possibility of a draw. Soccer matches are the main sport in which Win-Draw-Win bets are used.

LINE BETTING and HANDICAP BETTING: Line betting is when the bookmaker handicaps a team by setting a specific margin with the aim on making the game even between the two sides. For example, if the bookmaker believes Team A is a 20-point better team than Team B, they will handicap Team A by 20 points. The line therefore becomes Team A to beat Team B by more than 20 points or Team B to come within 20 points of Team A. Then both outcomes become equal odds, which is ultimately around $1.90 the majority of the time.

WINNING MARGINS: Margin betting is when the bookmaker breaks up the number of possible end results by putting in a margin. The punter must therefore select the correct result as well as the correct margin. For example, if you believe Team A will beat Team B and want to also bet on the margin, you will have to correctly pick how many points will be between the two sides at the end of full-time. So if you think Hawthorn will win in a margin of 1-19 points in an AFL games you'd select that option. Or maybe you think the Golden State Warriors will win an NBA game by 13+ points.

HALF-TIME/FULL-TIME DOUBLE: This option allows you to bet on who you think will be leading the game at both halftime and full-time. There are many possibilities that can occur in any match, particularly in sports where the draw is an option.

Team A/Team A

Team A/Team B

Team A/Draw

Team B/Team B

Team B/Team A

Team B/Draw

Draw/Draw

Draw/Team A

Draw/Team B

FIRST GOALSCORER and FIRST TRYSCORER: This option allows you to choose which player on either team you believe will score the opening goal of the game or cross over for the first try of the game.

MULTIBET: Multibets offer a great way to secure big winning returns on your bets as you combine various sports bets into one. A multibet combines any number of bets from two to 25 into one single bet and dramatically increases the odds.

PATENT BET: A Patent bet is similar to a three-leg multibet but is made up of seven separate bets: three singles, three doubles and a trio. Where a multibet requires all selections to win for a return, a patent bet will yield a return from just one winner.

How To Make Money Betting Online

Successful punting is not just about picking the winner of a certain event and collecting your cash – it’s about getting the best value for money, which in turn helps cover the losing bets every punter is going to have.

BOOKMAKER BONUS BETS

Bookmakers offer some unmissable bonus bet promotions for new customers. From Ladbrokes' 100% match up to $500 with the MAXIMUMBONUS promotion code to CrownBet's 100% match up to $500, there are some huge deals to take advantage of*.

*State exclusions apply to some offers. NSW Residents are excluded from bonuses and offers. Please read the T&Cs of each offer with each bookmaker.

Lay Betting - How It Works

Lay betting is simply betting on an outcome not to happen. By laying something - be it a horse winning a race, a team winning a game or a correct scoreline - you go from being the punter to the bookmaker. You offer the odds on an outcome that you think won't happen for other exchange punters to accept. It can be very profitable if you get it right, but costly if you don't.

Live Streams

You can watch and bet on racing and sports events every day thanks to the bookmakers' live streaming services. bet365 are the leaders with thousands of top class events from racing to tennis and soccer to basketball streamed from across the globe, but you can also watch and bet on world class sport at CrownBet, Ladbrokes, Sportsbet and William Hill.

Coverage of Australian racing coverage from all Victorian tracks is also available online, including streams of the Melbourne Cup, Caulfield Cup and Cox Plate. Read our full guide on how you can watch live racing online.

Responsible Gambling

“Responsible Gambling” is a broad concept that aims to ensure gambling is conducted in a manner whereby the potential for harm associated with problem gambling is minimised. Here at Bettingpro.com.au we are strong advocates and have produced an essential guide and information to gamble responsibly. Take the time to read.